Kluber,Inc

question 69

Multiple Choice

Kluber,Inc.had net income of $900,000 based on variable costing.Beginning and ending inventories were 55,000 units and 52,000 units,respectively.Assume the fixed overhead per unit was $1.25 for both the beginning and ending inventory.What is net income under absorption costing?

• A)$833,125
• B)$903,750
• C)$966,875
• D)$896,250
• E)$900,000

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Definitions:

Electronic Infusion Device (EID)

A medical device used to deliver fluids, such as nutrients and medications, into a patient's body in precise amounts.

Peripherally Inserted Central Catheter (PICC)

A long, thin tube inserted through a peripheral vein, typically in the arm, extending to a central vein near the heart, used for long-term intravenous access.

Subcutaneous Implanted Port

A medical device inserted under the skin to provide access to the bloodstream for the delivery of medications or for blood withdrawal.

Extravasation

The leakage of a fluid, particularly blood or chemotherapy drugs, from a vessel into the surrounding tissues.